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HomeMy WebLinkAbout2013-12-12 - Agendas - Final Director Ray Boudreaux aye evlle Chairman Bob Nickle Financial Coordinator lames Nicholson TARKSNSAS Vice Chair Mike Gibbs Administrative Assistant Lauren Treat Secretary Joshua Mahony Member Rick Bailey Member Bill Corley Member Ken Haxel Member Marty Burggmf AGENDA Fayetteville Executive Airport Board Meeting 1:30 p.m., Thursday, December 12, 2013 Terminal Conference Room, 4500 S. School Avenue City of Fayetteville, Arkansas As a courtesy please turn off all cell phones and pagers 1. Welcome. Chairman. 2. Approval of the Airport Board Minutes of the November 14, 2013 meeting. 3. Receiving of Reports. A. Director Boudreaux, Aviation Director. B. Financial Coordinator James Nicholson, Budget Report. C. Administrative Assistant Lauren Treat, T Hangar Report. D. Wayne Jones, McClelland Engineers, Construction Report. E. Museum Executive Director Warren Jones, Museum report. F. Marketing Committee Report, Bill Corley. 4. Old Business. 5. New Business. A. Board Resolution Discussion — Contract Tower 6. Other Business. A. Items from the Public. 1 . Lighted Sign in Lobby (Tenant Dan Wilkins) B. Items from the Airport Board. 7. Meeting adjourned. NOTE: Next Airport Board Meeting: January 9, 2014 Strategic Planning Meeting: 4500 SOUTH SCHOOL AVENUE, SUITE F • AIRPORT TERMINAL BUILDING • FAYETTEVILLE AR 72701 479.718.7642 • 479.718.7646 FAX • w .accessfayetteville.org/govemmenVaviation airport_economic-development@ci.fayetteville.ar.us FAYETTEVILLE EXECUTIVE AIRPORT BOARD MINUTES November 14, 2013 MEMBERS PRESENT: Bob Nickle, Josh Mahony, Bill Corley, Mike Gibbs, Marty Burggraf MEMBERS ABSENT: Ken Haxel, Rick Bailey OTHERS PRESENT: Rick McKinney-tenant; Jeffry Gates-Arkansas A&M Museum, Wayne Jones-MCE; Mitch Rose-MCE; Joel Walsh-NWA Times; James Nicholson- Financial Coordinator; Lauren Treat-Administrative Assistant' ITEM #1 : Welcome. Chairman Nickle. ITEM #2 : Approval of the Airport Board Minutes of the October 10, 2013 meeting. A motion to approve the minutes with the proposed change was made by Marty Burggraf, and seconded by Bill Corley. The motion carried. ITEM #3: Receiving of Reports. A. Director Boudreaux, Aviation Director. Boudreaux mentioned new CSR Janessa Hamm (former employee with Cutter Aviation); she is scheduled to work I 1 AM — 7 PM weekdays. Former CSR Morgan Lomax had to resign due to the demands with her schooling. Operations were up year over year; most significant increase this month in military operations. We have had a lot of T-6s and 130s. We have also had four or five helicopters. Nicholson said the airport received a DFAS payment yesterday and regular payments should come in from now on. However, none of the back payments have been received yet. Boudreaux said the government shut down set things back somewhat, but he is still working with the DLA. Boudreaux reported that fuel sales and operations are good. He said he recently briefed the City Council because the airport needed a budget increase in order to purchase more AvGas. This is because fuel prices rose since the initial budget plan was created. The contract tower is good through the first of the year, though things are uncertain after that date. Boudreaux said both Congressman Womack and Senator Boozman are in support of the tower. "Tower Operations in FY2013", published by Quadrex ranked Drake Field as the third busiest airport in the state of Arkansas. Boudreaux briefly discussed his birthday party at the museum and said that Warren has five wedding receptions scheduled in Dec. — May. He mentioned the VA's Golden Age Games which will be held in part at Drake Field in 2014. Boudreaux said the annual meeting for the museum is scheduled for Sunday, Dec. 8. Board members and officers will be elected as according to by-laws. Brief discussion of the FBO changeover followed. Nicholson said the airport can get reimbursement for excise tax. The application has been sent to the IRS. Boudreaux said Drake Field served the 757 for multiple away football games and everything went smoothly. He said he hopes Drake Field will continue to have the 757 operating out of Drake Field in future years. B. Financial Coordinator James Nicholson, Budget Report. September & October were good months in terms of fuel sales. Nicholson reported that operations are ahead and he hopes this will eventually translate into better fuel sales. Nicholson said about 10,000 gallons more AvGas was sold than initially anticipated. McKinney mentioned the correlation of the recent lower fuel prices to the higher AvGas sales this month. Nicholson said 80% of sales is Jet and 20% is AvGas ( 10% base tenant/10% itinerant). About half the Jet sales were contract fuel so they pay a little less, but this is offset by the retail sales. Nicholson reported that Drake Field currently has the highest fuel prices; however, these prices are not out of touch with surrounding airports. McKinney asked for explanation on flowage fee; Nicholson said it is a City Ordinance. Nicholson discussed the financial report and said the cash balance is over $500,000. This is primarily due to the high volume of fuel sales during football season. Nicholson said we need to remember this in preparation for next year. He suggested that the airport tries to attract as many planes as possible on each Game Day. Nickle mentioned that $30,000 of the cash balance has not yet been received from Million Air (due to the DLA situation). Boudreaux said we will get the money eventually. Boudreaux mentioned Dennis Singleton is out so personnel costs have gone down a bit, but he hopes Dennis will return early next year. Nickle also mentioned that Lou Powers retired this year so a big chunk of money was paid out (sick leave/vacation time/etc.) Gibbs asked about budgeting for Boudreaux' s retirement and Nicholson said that is actually City Hall' s responsibility. C. Administrative Assistant, Lauren Treat, T-Hangar Report. Reported all hangars are full with three rented for storage. D. Wayne Jones, McClelland Engineers, Construction Report. Wayne said he called the contractor because they have not been working as much expected. The project manager said he will give Wayne an updated work schedule which will be forwarded to Ray. Boudreaux said he hopes the finish date will be before Jan. 1 , so the building inspection can be completed. NFlight will not be charged rent until they are able to move into the building. Boudreaux discussed the airport's five year plan and said the request needs to be put in for the design-only apron project fairly soon. Wayne said he is waiting on the federal government to send their letter so the grant can be offered. Wayne mentioned some work that needs to be done at the airport, including fixing the slightly crooked taxiway. Boudreaux said the airport has a waiver for it, but the work still needs to be done. Wayne pointed out that the FAA wants to eliminate the possibility of runway incursions — they do not want the use of a taxiway to be the only option going across the runway for vehicles. Corley said the second major point the tenants made is that fuel prices are higher at Drake Field, so they do not particularly want to pay more in rent, as well. Nickle said the tenants do not understand the uncontrolled costs the airport faces. McKinney said he disagrees — aircraft owners also have uncontrolled costs. McKinney said if some of the $ 10,000 would go towards maintenance work on the T hangars, the increase would be more bearable since the tenants would also benefit. Boudreaux said the only reason fuel prices have gone down recently is because the price that the airport pays has gone down. This was not the administration' s decision. The airport's margin is still the same. Corley reiterated that he fears the suspicion is the rent is only being raised because it has not been done in a while. Nickle said that is not the case. Boudreaux said it is time to raise the rent and even with the proposed increase, we will still be behind inflation. Ten thousand dollars is not a lot, but it will help. Gibbs agreed that it is time to raise the rent. Boudreaux said he is willing to put the extra $ 10,000 towards T hangar repairs, but he explained the money will be used up quickly because supplies to fix hangar seals, etc. are very expensive. A motion to raise the smallest hangar rent by $10/month and the larger hangars by $ 15/month was made by Mike Gibbs, and seconded by Bill Corley. Motion passes. ITEM #5: New Business. There was a brief discussion of delinquent tenant fees, particularly regarding Donnie Sam's, GPS Autotracker Bary Gilbow, and Something Better Foods. Nickle mentioned it would be nice for the board to take a tour of the FBO and corporate hangars, the NFlight project, etc. on the next board meeting date. Boudreaux agreed this is a good idea. Boudreaux asked for new board member recommendations; the board needs someone to fill a business position. He mentioned that Darryl Riddell of South Delta Aviation might be a good candidate since he is a pilot, businessman, and tenant. McKinney discussed the Aviation Trust Fund. He requested that the Board does a resolution to send to congressional members and Mr. Grissel to use the ATF money to keep the towers open. Boudreaux said he will present a resolution at the next meeting. ITEM #6: Other Business. A. Items from the Public. None. B. Items from the Airport Board. None. MEETING ADJOURNED AT 3:06 P.M. Jos ua Mahony, Sec ry Date Nickle suggested that the Board members review the five year plan before discussing it early next year. More discussion of grants and projects followed. E. Museum Executive Director Warren Jones, Museum Report. Warren was not present, so Boudreaux briefed the board on a couple points. Warren recently applied for a grant for GIF through David Whittaker. Each state representative and senator receives money from the general fund to pass out for special projects. The museum applied for a replacement sprinkler system. Boudreaux said it will be pricey, but we hope to get the money. The museum desperately needs a new sprinkler system. F. Marketing Committee Chairman Bill Corley, Marketing Report. Corley discussed the marketing committee' s previous meeting. He said a lot of opinions were gathered and a marketing plan was suggested. The committee is looking into some more tactical ideas. Boudreaux said he spoke with Fayetteville's A&P director, Marilyn Hefner. Boudreaux said they are looking into publications/periodicals to advertise the City of Fayetteville, along with a mention of flying into FYV when they visit. Gibbs asked about what needs to be done to move this project forward and decide what we can afford to do. Corley said the big question is what kind of budget do we have — if any? Boudreaux said Lindsley Smith is working on the budget question. Corley said free reach and frequency would be great, and he pointed out that an ROI would be needed in the marketing plan. Nickle encouraged committee meet again as necessary, but he suggested the committee not spend too much time on it until we know where the money is coming from. ITEM #4: Old Business. A. T Hangar Rent Increase Boudreaux discussed the proposed new rent numbers: $205, $210, and $ 170. The smallest hangars would be raised by $ 10.00 and the bigger hangars by $ 15.00. This increase is below the CPI formula rate. Corley said a few things come thru loud and clear when speaking with the tenants. First of all, everyone wants to support the airport and tenants are aware that there hasn't been a rent increase in a while. But Corley said they want to know that the airport needs the money and the rate isn't being raised simply because it hasn't happened in a while. Nickle said the airport has deferred maintenance work because there isn't enough money to take care of everything. Nicholson said the airport needs a new boiler system but we simply cannot afford it with the current budget. A rent increase could help the airport afford to take care of some major projects like that. The overall effect of this increase would be $ 10,000. Nicholson and Boudreaux met with the City leaders to review the airport budget. The FBO was supposed to give added support to the overall budget. However, now that the results are in, it doesn't look like running the FBO makes a significant difference. Nicholson said the airport is actually doing pretty well, but we aren't quite making the anticipated margins/number of gallons/etc. THE CITY OF FAYETTEVILLE, ARKANSAS Faye eAVIATION DIVISION 4500 5 School Ave, Ste F Fayetteville, AR 73701 S P (479) 71&7642 DIRECTOR'S MONTHLY REPORT NOVEMBER, 2013 FAYETTEVILLE EXECUTIVE AIRPORT, DRAKE FIELD December 11 , 2013 • AIRPORT ACTIVITY: Flight operations were down a bit in November but we are still ahead of last year. The Auburn game did not generate the activity we had hoped but the month was still good in sales. Fuel sales were almost 1000 gallons more than last November. That puts the year in sales at less than 1 % below last year or 339, 162 gallons for the year. A strong December with good weather and we will beat last year's sales. Since the major snow event of December 6, we will probably not match 2012. • FAA ANNOUNCES CONTRACT TOWERS TO REMAIN OPEN THROUGH CY2013: No activity on this item this month. Still no word on what to expect after the first of the year. • CORPORATE HANGAR IMPROVEMENT PROJECT FOR NFLIGHT TECHNOLOGY: The contractor expects to be ready for final inspection December 15 . We will inspect Monday the 16' and they will make corrections as we find them. NFlight should be able to move in the space by the end of the year. • FAA WILDLIFE HAZARD ASSESSMENT: Awaiting FAA review. • HANGARS FOR RENT: We are full with 3 rented for storage. • ARKANSAS AIR AND MILITARY MUSEUM: The annual meeting scheduled for December 8, 2013 was cancelled due to the winter storm. We have rescheduled for .December 15 from 1 :00 until 3 :00pm. Plan to attend as we will elect/reelect Board members and officers. • FBO CHANGEOVER UPDATE: We are now receiving payments from DFAS on a regular basis. It takes about two days to get the revenue from a sale. Million Air is still behind and we expect them to get us the money anytime—they continue to say that the check is in the mail. FET is $.244 per gallon so it is a big number. We have applied to the IRS for permission to file for the rebate. — • U OF A CHARTER SEASON UPDATE: The Football charters were well received with no issues. The equipment operated as advertised. We are looking forward to servicing the Baseball and Basketball teams both for the U of A men and women. • WINTER PREPARATIONS: We are ready for the winter. We worked hard to remove the snow but the ice base made it difficult. Our team worked well during this event. espe t 11 Submit d, 452 Ra ou reaux, erector Telecommunications Device for the Deaf TDD (479) 521-1316 113 West Mountain - Fayetteville, AR 72701 • Faye Ie ARKANSAS Airport Progress Report TO: Fayetteville Executive Airport Board THRU: Ray M. Boudreaux, Director FROM: James Nicholson, Financial Coordinator DATE: December 12, 2013 Tower rations Cumulative MOM 2008 2009 2010 2011 2012 2013 MONTH 2006 2009 2010 2011 2012 2013 JAN 2,180 2,492 1,932 1,917 2,552 2,928 JAN 1 2,180 2,492 1,932 1,917 2,552 2,928 FEB 2,829 2,902 2,214 1,320 2,138 2,540 FEB 4,809 5,394 41146 3237 4,690 5,468 MAR 2,333 2,807 2,418 2,818 2,161 2,889 MAR 7,142 8,201 6,564 6,055 6,851 8,357 APR 2,747 21629 2,775 2254 2,763 2,681 APR 9,889 10,830 91339 81309 9,614 11,044 MAY 31032 2722 3015 2,627 3,180 3090 MAY 12,921 13,552 12,354 100 12,794 14,134 JUN 2,727 2,876 2,531 2,859 3,195 4,059 JUN 15,648 16,428 14,885 13,795 15,989 18,193 JUL 3,657 3,100 2,895 2,758 3,050 2,648 JUL 19,305 19,528 17,780 18,553 19,039 20,841 UG 3,358 1 2,8681 2,5131 2,6761 2,951 1 2,668 UG 22,653 22,396 20,293 19229 21,990 23,509 SEP 3,559 3,571 2,684 3503 4,884 4,331 SEP 26,222 25,973 22,97) 22,732 26,854 27,840 OCT 3,350 2,671 3,125 2,998 3,320 3,649 OCT 29,572 28,650 26,102 25,730 30,174 31,489 NOV 2,739 2,586 1,954 2,379 3,392 2,794 N0V 32,311 31,236 28,066 28,109 33,556 34283 DEC 2,0151 1,8421 1,841 1 2,1641 2,5461 IDEC 1 34,326 33,0781 29,9071 30,7731 36,112 jMonthAvg 1 21861 2,757 1 2,4921 2,5231 3,0091 3,117 jAnnualCh -6.73% -3.64% .9.59%1 1.22%1 19.29% 2.14% Estimated YE Total: 36,611 Operations - 12Month Comparison -2012/13 -2011/12 -2010/11 5,500 5,000 a 4,500 4,000 3,500 0 3,000 d 2,500 z 2,000 1,500 - 1,000 DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV Month OPERATIONS Month Average Annual Comparison G TWELVE MONTH AVERAGE 4,500 4;1 4,000 3,830 3836 3,500 2,853 2771 2,978 9,000 2,492-2,408 2,500 O 2,000 8 1,500 1,000 Soo 2003-04 2004-05 2005-06 2006.07 2007-08 2008-09 2009-10 2010.11 2011-12 2012.13 Period: Dec - Nov FBO Fuel Sales Cumulative MONTH 2008 2009 2010 2011 2012 2013 MONTH 2008 2009 2010 2011 2012 2013 JAN 41,058 36,062 35,528 35,936 27,865 29,621 JAN 41,058 36,062 35,528 35,936 27,865 29,621 FEB 50,320 43,497 35,468 20,909 29,814 32602 FEB 91,378 79,559 70,991 56,845 51,689 82723 MAR 39,089 48,608 41,809 37,333 2&827 35,761 MAR 130,487 126,167 112,803 ;94,118 86,516 97,984 APR 41,265 31,705 30,763 27,611 27,085 28,155 APR 171,731 157,872 143,566 121,789 113,601 128,139 MAY 37,587 33,136 31,018 26A 29481 25,135 MAY 209,319 191,008 174,584 147,995 143082 151274 JUN 30,837 28,218 27,216 31,677 32,981 30,918 JUN 240,156 219,226 201,800 179,672 176,043 182,192 JUL 32,114 26,021 26,628 23,892 28,068 24,961 JUL 172,270 245,247 228,428 203,564 204,111 207153 AUG 1 36,8271 26,0181 25,017 1 23585 1 31,835 1 23,568 AUG 308,097 270,265 253,439 227,149 235,948 1 230,721 SEP 47059 39,025 39845 3t 879 44,937 42,821 SEP 355156 309 293181 259,018 280,883 113,542 OCT 52,329 14,578 48,581 29,878 32,537 34,953 OCT 407,485 353,868 311,865 288,101 313,120308,195 NOV 1 37,8921 30,4691 33,7181 32,603 1 2807441 30,666 INOV 1 445,3771 384,3371 375,5831 321,307 341,161 339161 DEC 1 30,143 1 28,732 1 24,4701 23,1031 25,1571 IDEC 1 475,5201 413,0691 400,0531 344,410 367,321 lMm"Avg 1 39,6271 34,422 1 33,3381 28,7011 30,6101 30,833 WmW Chg 1 -5.99% .13.13% -3.15% -13.91% 6.65% -OR% Estimated YE Total: 363, 103 2013 Culm2lative Avg Fuel Saha by PeneeM 1>f Type Fuel Bales by W&M12013 ffNR ,EI,48.0% 30 ILI 10 6ASlDAT,249% BAS®100.3. 10.D% 9.3% 0 AN FEB MAR ARA MAY AN AL AUG SB OGf MAID ar Full Sabi-12 emM CamWm -2M3 -2mW 3112011 F09.SALB Mm hope AmulCompAss a1IflVEIe21HAY8%Q 4 9 83m All a� a am 40 a4= e e � 35Ae 33Ae 1120 : 3an 20 35 25.20 em0m 7S � = am m 03: AN le MR AIR MY AN ll AW ! 001 MF Bap 7m1a ]20520 70ma >ma 205a W10 ma11 MIM2 2A?13 Mom N1%! 0s•Ib Fuel Sales - Avera a Me In Tracking NOV 2013 DATA JET A 11001.1. 100LL SS MOGAS TOT ALL AVG COST/GAL 3.7946 4.8858 4.8442 4.0885 4.0398 GAL SOLD 23720 5489 1458 0 30667 GROSS REV 120839 33225 8307 0.0000 162371 AVG GRS REV/GAL 5.0944 6.0531 5.6981 #DIV/0! 5.2947 AVG MARGIN/GAL 1 .2998 1 . 1673 0.8539 #DIV/0! 1 .2549 TARGET MRGN/GAL 1 .50 1 .25 0.75 0.50 04459DIFFERENCE 0.2002 0.0827 0. 1039 #DIV/0!VARIANCE -13.35% $.61 % 13.86% #DIV/0! Local Fuel Prices: Fuel prices within 50 miles of FW as of 12/11 /13 Ident F80 Name Jet FS 100LL FS 10OLL SS 91 MoGas A $ Jet A $ 1100A $ loess H34 Hunstville Municipal - - 4.95 1 NC TOH City of Tahlequah (both seffserv) 4.99 5.40 NC NC SLG City of Siloam Springs 5.41 5.65 5.15 NC NC NC VBT Summit Aviation 5.85 6.15 5.95 a05L NC NC ASG Pinnacle Air Services 5.90 6.15 5.65 NC NC NC FSM TAC Air 5.93 6.35 5.81 0.07 (0.23 (0.24)_ XNA Regional Jet Center 5.95 6.90 NC NC ROG Beaver Lake Aviabon 6.02 6.10 0.11 0.22 FW City of Fayetteville 6.15 6.44 5.60 4.04 0.10 0.11 0.10 Fuel Prices: National 12/11 /13 Source: GlobalAir.com Aviation Fuel Current US Fuel Prices 51`I ala Current Fuel Prices & Averages by Region Nudhwast Fh untain Na England Great Lakes 8 8 2 m_`_8 © Eastomn Z 3 Cello Conhal 8 8 . 0 8 VA. tem Vaahc ©© �© S ' , 6 z, Southam Soathwast �©IG0 s = , 9 0 Alaska ��5�p6 , 79 fYm Q Ta7etd ARKANSAS FAYETTEVILLE EXECUTIVE AIRPORT OPERATING SUMMARY MONTH ENDING 11/30/2013 AIRPORT BOARD OPERATING ACTIVITIES - ADMIN & MAINT 2011 2012 2012 2013 2013 2013 Actual Budget Actual Budget Budget YTD Actual YTD REVENUE Rents & Leases 527,962 511,800 536,243 508,492 466,118 456,661 Aviation Fuel 114,865 119,500 157,525 18,091 16,583 18,091 Miscellaneous 11,869 11,900 8,586 2,900 2,658 7,507 Operational Transfers - FEMA Reimbursement 15,857 - - - - - NON-OPERATING INCOME Sales Tex Revenue 29,733 26,000 25,449 25,600 23,467 20.008 Non-Op Miscellaneous (100) - - - - 3.165 INCOME RECEIVED FROM OPERATING ACTIVITIES 700,186 669,200 727,803 555,083 508,826 505.432 EXPENSES Personnel 331 ,465 341,673 319,057 348,876 323,068 283,870 Materials & Supplies 12,990 22,545 21,315 22,155 20,309 13,377 Aviation Fuel Purchases 81,584 90,328 105,924 93,888 86,064 25,424 Services & Charges 200,230 231,896 225,510 226,122 207,279 199,155 Cost Allocation to General Fund 7,915 7,915 7,915 7,915 7,255 7,256 Maintenance 48,137 64,490 50,859 66,057 60,552 49,804 Interest on West GA Hangars Loan (accrued monthly) 13,237 6,328 6,328 5,862 5,374 5,374 INCOME USED FOR OPERATING ACTIVITIES 695,557 765,175 736,909 770,875 709,901 584,260 NET INCOME FROM OPERATING ACTIVITIES - GAIN / (LOSS) 4,629 (95,975) (9,105) (215,792) (201,075) (78,829) OPERATING & CAPITAL - FBO OPS 2011 2012 2012 2013 2013 2013 Actual Budget Actual Budget Budget YTD Actual YTD REVENUE Rents & Leases 25,000 23,611 15,503 Aviation Fuel 1,643,867 1,552,541 1,170,051 DLA Fuel Sales - Liability to MA (9,283) FBO Accessory Revenue (sales) 6.083 5,745 30,828 INCOME RECEIVED FROM OPERATING ACTIVITIES - - - 1,674,950 1,581,897 1,207,098 EXPENSES Personnel 180.901 170,851 148,807 Materials & Supplies 8,923 8,427 11,154 Aviation Fuel Purchases 1,321 ,296 1,247,891 865,484 Services & Charges 139,451 131,704 47,258 Cost Allocation to General Fund 16,667 15.741 - Maintenance 13,541 12,789 11,431 Capital Investment Proj 51301 (FBO Startup costs) 98,437 92,968 90,637 INCOME USED FOR OPERATING ACTIVITIES - - - 1,779,216 1,680.371 1,174,770 NET INCOME FROM FBO ACTIVITIES - GAIN / (LOSS) - - - (104,266) (98,473) 32,328 INVESTING ACTIVITIES 2011 2012 2012 2013 2013 2013 Actual Budget Arcual Budget Budget YTD Actual YTD NON-OPERATING INCOME Interest on Investments 5,098 7,800 4,041 4,200 3.850 1,656 Other - Unrealized Gain (Loss) on Investments - - (753) - - - CAPITAL IMPROVEMENTS EXPENSE 07039 AIP #38 Correct Runway 16 Safety Area Deficiency Phase III 391,775 - - - - 10022 AIP #39 Wildlife Hazard Assessment 33,205 10028 Airport Fuel Farre Repair (512) - - - 11017 Airport Security Improvements 128,693 51 ,095 51,078 - 9. - 11019 Airport Stormwater Protection Plan Update 2,500 - - - 0 - 11023 AIP 940 Pavement Rehab It Re-Marking 252,069 - - - •9 - 12002 Hangar Rehab - 4248 S School - 263,250 262,623 - m - 12011 Executive Hangar Office Addition 32,504 26.473 274,870 190,334 12012 AIP #41 Pavement Rehab & Re-Marking Phase II - 147,252 117,176 - 13024 Airport Ground Service Equipment Acquisition - - - 18,025 17,273 USED FOR INVESTING ACTIVITIES 802,631 486.301 454,061 288,695 205,951 FINANCING ACTIVITIES 2011 2012 2012 2013 2013 2013 Actual Budget Actual Budget Budget YTD Actual YTD LOANS Payments on Loan Principal (accrued) 28,030 15,530 15,530 15,530 14,236 14,236 Ore-time Paydown on Hangar Loan 305,626 - - - GRANTS STATE / FEDERAL Due/Received from State Grants on Fed Projects 195,779 34,417 27,156 - - DueRtecelved from AIP #38 Correct RW 16 RSA Phase III 372,186 - - - - Due/Recelved from AIP #39 Wildlife Hazard Assessment 51,343 - - - DuelReceived from Dept Aero - Fuel Farm Repair - - - - - Due/Receivedfrom Dept Aero - Airport Security Improvements - 144,000 143,816 - - Due/Receivad from AIP #40 Pavement Rehab & Re-marking 239.465 - - - •z - Due/Recelved from Dept Aero - 80/20 Hangar Rehab - 210,600 210,098 - m Due/Received from AIP #41 Pavement Rehab & Re-marking Phase II - 105,741 104,828 - - Due/Recelved from Dept Aero - 80/20 Executive Hangar Office Addition - - - 254,224 " 152,267 NET INCOME FROM FINANCING ACTIVITIES 525.118 479,228 470,368 238,694 138,032 AIRPORT CASH BALANCE 616,222 513,174 623,423 253,364 509,003 CURRENT ENCUMBRANCES (CAPITAL) MICE TASK ORDER #9 - Plans, Specs, Pmj Admin, Exec Hangar Office Addition 6,031 5,983 Centerpolnl Contractors Inc - Construction, Exec Hangar Office Addition 256,675 104,710 Hangar Loan Principal 201,886 187,651 APPROVED GRANTS (Not yet accrued) - CAPITAL PROJECTS State Grants on Federal Projects - - State Grant - Exec Hangar Office Addition 254,224 88.555 AIRPORT CASH MINUS LIABILITIES 42,995 299,213 m 0 a N N O C N N N m CL 0 3 C J m m 0 N '� C V C p m � 3 E c = m O O m N o m N c c x E o U) LL 1 oa 0 m m � EEEEEEEEE m m m m "a m "a m A m V in (n !n (n !n U) U (n (n !n 0 0 0 0 o C� N N N m A r 0 O O/ H o LO o o U)i J } J Q (Oo W to (00 Q 0 J O � m 0 � r IT 00000 co 00 M N moooornoo in } � rioo � uio � � o (o ro (cmrn (om � m co O 06 O (o M M L cm C N m m c Y r 2 m m 2 c r Z G n o G N (Ka TUU ao M li wmUrU y Qw N > Z c J IT) J U O w Z U O C W W m O C LL W C N O m W 0 'm Y C } J W m N WOOOV Q N N m W W W C X Y 2 Q. j « 44) cQ Q W H W ui C W m C L U Q L N Q 'Sj m N m N m f' a w (n V O O d m p J d iE O C 0 0 L W Z (nwo UU' z (n = r 17 . 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